Canoe Financial LP Sells 13,252 Shares of Adobe Inc. $ADBE

Canoe Financial LP lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 39.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,266 shares of the software company’s stock after selling 13,252 shares during the quarter. Canoe Financial LP’s holdings in Adobe were worth $7,149,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Adobe by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock worth $2,097,289,000 after buying an additional 126,688 shares during the last quarter. Norges Bank bought a new stake in shares of Adobe in the 2nd quarter valued at about $2,029,950,000. Amundi raised its position in shares of Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after acquiring an additional 961,895 shares during the period. Invesco Ltd. boosted its stake in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after acquiring an additional 610,215 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 17.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after purchasing an additional 548,903 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

ADBE opened at $353.03 on Friday. The company has a market capitalization of $147.78 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.39 and a beta of 1.54. The business’s 50-day moving average price is $338.35 and its two-hundred day moving average price is $354.16. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the prior year, the firm earned $4.81 earnings per share. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ADBE shares. UBS Group set a $487.00 target price on shares of Adobe in a report on Sunday, December 14th. JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Piper Sandler reduced their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Jefferies Financial Group decreased their target price on Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $417.93.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.